CT RE/EE Investment Strategy

1
CT RE/EE Investment Strategy Roadmap Phases
2 3June 10, 2009
2
Meeting Objectives and Agenda

• The objectives of this meeting are to
• Review Phase 1 work with CEEF
• Review the plan for Phases 2 3 and discuss
  CEEF involvement
• Introduce UTC/WBCSD Net Zero Energy Building
  Model/Policy Analysis Tool
• Proposed Agenda
• Intros and Context Setting (10 min)
• Phase 1 Summary and QA (30 min)
• Discussion of Phase 2 3 Plan and CEEF
  Participation (45 min)
• Agreement on Next Steps (10 min)
• Brief Intro to UTC/WBCSD Net Zero Energy Building
  Model (10 min)

3
Context Setting CCEF Objectives
4
Context Setting CCEF Motivation for RE/EE
Economy Study

• CCEFs motivation for commissioning the RE/EE
  Economy Study was to guide our investment
  strategy in new technologies, enabling us to
  maximize our impact in developing and
  accelerating the emerging renewable energy
  industry in Connecticut, including
• Economic development
• Employment and workforce development
• Environmental impact
• Energy security and diversity

5
Context Setting Goal 2 Objectives Investment
Areas
Goal 2 Promote Development of Clean Energy
Technologies FY 2009 2010 Programs
Operational Demonstration Program
Equity Investments
Training/ Infrastructure Development
Monitor Evaluate
Technology Economic Dev Studies
Match for ARRA Competitive Solicitations
Supports competitive apps to develop and
commercialize RE/EE technologies through a state
matching grant.
Address workforce development needs for the
renewable energy industry. University/ industry
collaboration.
Develop strategies for increasing the renewable
energy industrys contribution to CTs economy.
Provides loan funds for pre-commercial innovative
clean energy projects.
Invests in early stage renewable energy companies
/ technologies.
Monitor and evaluate Goal 2 programs for
effectiveness.
6
Operation Demonstration Program

• Offers up to 750,000 to set up demonstrations
  designed to demonstrate the commercial
  feasibility of new technology.
• Non recourse loan that must be repaid upon
  commercial success or may be converted to equity
  if a next round investment is made.
• Technologies include
• Renewable Energy Generation
• Advanced Energy Efficiency
• Smart Grid and Electricity Infrastructure

7
Clean Tech Fund

• 9 million fund created in partnership with DECD
  and the Connecticut Clean Energy Fund
• Investments in seed- and early-stage companies
  focused on innovations that conserve energy and
  resources, protect the environment or eliminate
  harmful waste.
• Technologies include
• Renewable Energy Generation Technologies
• Energy Efficiency Technologies
• Environmental Remediation Technologies
• Clean Water Technologies
• Renewable Fuel Technologies

8
CCEF Federal Matching Fund Program for Renewable
Energy Technologies

• Supports competitive applications to develop and
  commercialize renewable energy technologies
  through a matching grant.
• 500,000 in total funds available through CCEF.
• Provides up to 1/3 of required match.
• DECD, CI/CCEF, SBIR developing a single state
  matching fund process.